Samsung’s CFO: Second-Quarter ‘Doesn’t Look Too Good’

In a rare public acknowledgement of how the company performed during the second quarter, Samsung Electronics on Wednesday said that it doesn’t expect the performance for this quarter to be very good.

“It doesn’t look too good,” Lee Sang-hoon, the company’s chief financial officer, told a group of reporters at the company’s Seocho headquarters, when asked about Samsung’s second-quarter results. A company spokesman confirmed the remarks.

The executive didn’t elaborate or provide further details. Samsung is slated to release its second-quarter earnings estimates in early July.

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